Rs 1,227 crore order book: Piping solutions company receives purchase order of Rs 170 crore from Indian Public Sector Undertaking engaged in Power Sector
DSIJ Intelligence-1 / 03 Sep 2025/ Categories: Mindshare, Trending
The stock is up by 69.4 per cent from its 52-week low of Rs 166.60 per share.
DEE Development Engineers Limited (DDEL) has been awarded a significant domestic order valued at approximately Rs 170 crore from an Indian Public Sector Undertaking in the power sector. The contract is for the supply of roughly 1,900 metric tons of critical piping for two major power projects. The execution timeline for the orders varies, with delivery periods ranging from 9 to 15 months from the date of the Letter of Intent. Payment terms are set at 90% within 90 days of material acceptance at the site, with the remaining 10% paid after the completion of the purchase order.
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About the Company
Dee Development Engineers Limited (DDEL) is a global leader in specialised process piping solutions, catering to sectors like oil and gas, power (including nuclear), chemicals, and other process industries. Offering a comprehensive service from design to manufacturing, DDEL produces a wide range of piping products including high-pressure systems and custom components. As India's largest player in this domain by installed capacity, the company has a strong international footprint, generating over half its revenue from markets like Canada, Thailand, and the USA.
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The order book as of June 30, 2025, stood at Rs 1,226 crore and has a market cap of over Rs 1,900 crore. The stock is up by 69.4 per cent from its 52-week low of Rs 166.60 per share.
Disclaimer: The article is for informational purposes only and not investment advice.